3 days Ago By ABMN Staff
Middleby ( NASDAQ:MIDD – Get Free Report ) ‘s stock had its “buy” rating restated by stock analysts at Canaccord Genuity Group in a research note issued on Saturday, Stock Target Advisor reports. They currently have a $164.00 target price on the industrial products company’s stock.
Canaccord Genuity Group’s price objective points to a potential upside of 23.49% from the company’s previous close. A number of other equities analysts have also recently issued reports on MIDD.
Raymond James began coverage on shares of Middleby in a research report on Friday, June 28th. They set a “market perform” rating on the stock. Robert W.
Baird lifted their target price on Middleby from $155.00 to $169.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd.
Canaccord Genuity Group reiterated a “buy” rating and issued a $164.00 target price on shares of Middleby in a research note on Friday. KeyCorp reduced their price objective on shares of Middleby from $175.
00 to $160.00 and set an “overweight” rating for the company in a research report on Monday, July 15th. Finally, JPMorgan Chase & Co.
upped their target price on Middleby from $118.00 to $120.00 and gave the company an “underweight” rating in a report on Friday, August 2nd.
One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $156.
50. Read Our Latest Report on MIDD Middleby Stock Performance Middleby ( NASDAQ:MIDD – Get Free Report ) last released its quarterly earnings results on Thursday, August 1st. The industrial products company reported $2.
39 EPS for the quarter, beating analysts’ consensus estimates of $2.31 by $0.08.
Middleby had a return on equity of 15.25% and a net margin of 9.90%.
The firm had revenue of $991.55 million for the quarter, compared to analyst estimates of $994.05 million.
During the same quarter in the previous year, the company posted $2.47 EPS. The business’s revenue was down 4.
7% on a year-over-year basis. Equities research analysts forecast that Middleby will post 9.66 EPS for the current year.
Institutional Investors Weigh In On Middleby Institutional investors have recently made changes to their positions in the business. Rise Advisors LLC purchased a new position in Middleby during the 1st quarter valued at about $25,000. Allspring Global Investments Holdings LLC lifted its holdings in Middleby by 1,246.
2% in the first quarter. Allspring Global Investments Holdings LLC now owns 175 shares of the industrial products company’s stock worth $28,000 after buying an additional 162 shares during the period. Quarry LP boosted its position in Middleby by 133.
3% during the 2nd quarter. Quarry LP now owns 231 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 132 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Middleby by 97.
7% in the 2nd quarter. GAMMA Investing LLC now owns 255 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 126 shares in the last quarter. Finally, Strategic Financial Concepts LLC purchased a new stake in Middleby in the second quarter worth $45,000.
Hedge funds and other institutional investors own 98.55% of the company’s stock. About Middleby ( Get Free Report ) The Middleby Corporation designs, markets, manufactures, distributes, and services foodservice, food processing, and residential kitchen equipment worldwide.
Its Commercial Foodservice Equipment Group segment offers conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; ranges, fryers, and rethermalizers; steam cooking, food warming, catering, induction cooking, and countertop cooking equipment; heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, toasters, griddles, charcoal grills, professional mixers, stainless steel fabrication, custom millwork, professional refrigerators, blast chillers, cold rooms, ice machines, and freezers; soft serve ice cream, coffee and beverage dispensing, home and professional craft brewing equipment; and fry dispensers, bottle filling and canning equipment, IoT solutions, and controls development and manufacturing. See Also Receive News & Ratings for Middleby Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Middleby and related companies with MarketBeat.com's FREE daily email newsletter .
.
